Briefly

Key work on rail tunnel completed

East China's Shandong finished digging a 6,058-meter tunnel through a mountain for a railway line on Tuesday. It is the longest railway tunnel under construction. The line will create a two-hour railway network in the province. The Yuhuang Mountain Tunnel, built by constructors from China Railway No 4 Engineering Group Co Ltd after 652 days of digging, is the most difficult project on the Laixi-Rongcheng high-speed railway. The 192.8-kilometer HSR is an extension of the Qingdao-Yinchuan transport corridor — part of China's "eight verticals and eight horizontals" HSR network that links Qingdao with Yinchuan in Ningxia, as well as a main channel for passenger transport on Jiaodong peninsula.

Nonferrous metals to get green tinge

China has released a plan to advance the low-carbon development of its nonferrous metals industry, a key producer of industrial carbon emissions, the Ministry of Industry and Information Technology said. Significant improvements will be made to the sector's industrial and energy consumption structure before 2025, according to the plan jointly unveiled by the MIIT, the National Development and Reform Commission and the Ministry of Ecology and Environment.

Chemical industry sees stable growth

Major enterprises in China's chemical industry logged stable expansion in terms of production and revenue in the January-September period, data from the National Bureau of Statistics showed. Industrial added value of these firms rose 3.9 percent year-on-year in the period, and their main business revenue went up 8.2 percent year-on-year to 100.17 trillion yuan ($14.18 trillion), according to the bureau. The data showed that the total profits of these companies topped 6.24 trillion yuan, edging down 2.3 percent from a year ago.

Shanghai balance of loans up 10%

The balance of loans in Shanghai, including all currencies, stood at 10.26 trillion yuan ($1.46 trillion) at the end of October, up 9.8 percent year-on-year, official data showed. The balance of loans in Chinese yuan in Shanghai reached 9.53 trillion yuan at the end of October, up 11.2 percent year-on-year, according to the People's Bank of China Shanghai Head Office. The balance of foreign currency loans stood at $101.8 billion at the end of last month, down 16.4 percent year-on-year.

Xinhua - China Daily